Nareru Reports 21% Rise in Fiscal Nine Month Attributable Profit

MT Newswires Live

Sep 12, 2024

Nareru (TYO:9163), a company specializing in logistics and distribution, reported an attributable profit of 1.49 billion yen for the nine months ended July 31, up 20.9% year on year, according to a Wednesday filing on the Tokyo Stock Exchange.

Earnings per share for the period were 170.73 yen, compared to 145.78 yen a year ago. Net sales increased 21% to 15.8 billion yen.

For the fiscal year ending Oct. 31, Nareru Group forecasts an attributable profit of 1.92 billion yen, with an expected EPS of 227.86 yen. Net sales are projected to reach 21.83 billion yen, reflecting a 21.3% increase from the previous year.

The company declared an interim dividend of 50 yen per share for the fiscal year 2024 and forecasts a year-end dividend of 60 yen.

Price (JPY): $2485.00, Change: $+3.0, Percent Change: +0.12%

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